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      <invstOrSec>
        <name>Ceridian HCM Holding Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Perspecta Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EastGroup Properties Inc</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sally Beauty Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East West Bancorp Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hawaiian Electric Industries Inc</name>
        <lei>JJ8FWOCWCV22X7GUPJ23</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tootsie Roll Industries Inc</name>
        <lei>529900SBKOV9XX4M4Q35</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Emergent BioSolutions Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NCR Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NewMarket Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arrow Electronics Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JBG SMITH Properties</name>
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        <name>AutoNation Inc</name>
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        <name>Physicians Realty Trust</name>
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        <title>Physicians Realty Trust</title>
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        <name>Enphase Energy Inc</name>
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        <name>Dycom Industries Inc</name>
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        <name>Marriott Vacations Worldwide Corp</name>
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        <name>Hanover Insurance Group Inc/The</name>
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        <name>Herman Miller Inc</name>
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        <name>ASGN Inc</name>
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        <title>ASGN Inc</title>
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        <name>Service Properties Trust</name>
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        <title>Service Properties Trust</title>
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        <name>Commerce Bancshares Inc/MO</name>
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        <name>Sprouts Farmers Market Inc</name>
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        <title>Sprouts Farmers Market Inc</title>
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      <invstOrSec>
        <name>Kennametal Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MEDNAX Inc</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RPM International Inc</name>
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        <title>RPM International Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rayonier Inc</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insperity Inc</name>
        <lei>5299000Q0KW7HY5DB751</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avnet Inc</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet Inc</title>
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          <isin value="US0538071038"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Steel Corp</name>
        <lei>JNLUVFYJT1OZSIQ24U47</lei>
        <title>United States Steel Corp</title>
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          <isin value="US9129091081"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>World Fuel Services Corp</name>
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          <isin value="US9814751064"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Masimo Corp</name>
        <lei>549300Q4A8JK0PIYCU29</lei>
        <title>Masimo Corp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CoreLogic Inc/United States</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nu Skin Enterprises Inc</name>
        <lei>54930050DETB6CP71D38</lei>
        <title>Nu Skin Enterprises Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Harley-Davidson Inc</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Murphy Oil Corp</name>
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        <name>Jefferies Financial Group Inc</name>
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        <name>AptarGroup Inc</name>
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        <name>Douglas Emmett Inc</name>
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        <name>Helen of Troy Ltd</name>
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        <name>National Retail Properties Inc</name>
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        <name>Compass Minerals International Inc</name>
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        <name>Prestige Consumer Healthcare Inc</name>
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        <name>Qualys Inc</name>
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        <name>Scotts Miracle-Gro Co/The</name>
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        <name>United Therapeutics Corp</name>
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        <name>Greif Inc</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif Inc</title>
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      <invstOrSec>
        <name>Brink's Co/The</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pool Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JetBlue Airways Corp</name>
        <lei>54930070J9H97ZO93T57</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toll Brothers Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>O-I Glass Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>InterDigital Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CIT Group Inc</name>
        <lei>N8O96ZZJQRFYQUJY7K79</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arrowhead Pharmaceuticals Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HealthEquity Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sanderson Farms Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>National Instruments Corp</name>
        <lei>549300TP4OOPCYWDUP86</lei>
        <title>National Instruments Corp</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Flowers Foods Inc</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grand Canyon Education Inc</name>
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        <name>Vishay Intertechnology Inc</name>
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        <name>Reinsurance Group of America Inc</name>
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        <name>PotlatchDeltic Corp</name>
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        <name>TEGNA Inc</name>
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        <name>KAR Auction Services Inc</name>
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        <name>Paylocity Holding Corp</name>
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        <name>International Bancshares Corp</name>
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        <name>Brighthouse Financial Inc</name>
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        <name>FirstCash Inc</name>
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        <name>Pinnacle Financial Partners Inc</name>
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        <name>TRI Pointe Group Inc</name>
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        <name>AECOM</name>
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        <name>Steel Dynamics Inc</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>Steel Dynamics Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rexford Industrial Realty Inc</name>
        <lei>549300MSLO0DF0EMX355</lei>
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          <isin value="US76169C1009"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Resources Corp</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>New Jersey Resources Corp</title>
        <cusip>646025106</cusip>
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          <isin value="US6460251068"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cree Inc</name>
        <lei>549300OGU88P3AW3TO93</lei>
        <title>Cree Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stericycle Inc</name>
        <lei>B8PTJH2P0AXSWSMP2136</lei>
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        <cusip>858912108</cusip>
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          <isin value="US8589121081"/>
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        <balance>2407173.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ashland Global Holdings Inc</name>
        <lei>529900E4L9R04SB8HB11</lei>
        <title>Ashland Global Holdings Inc</title>
        <cusip>044186104</cusip>
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          <isin value="US0441861046"/>
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        <balance>1431172.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Curtiss-Wright Corp</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
        <title>Curtiss-Wright Corp</title>
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        <balance>1094007.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Acuity Brands Inc</name>
        <lei>N/A</lei>
        <title>Acuity Brands Inc</title>
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          <isin value="US00508Y1029"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KB Home</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB Home</title>
        <cusip>48666K109</cusip>
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          <isin value="US48666K1097"/>
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        <balance>2314825.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PacWest Bancorp</name>
        <lei>549300YI8VMFO7G36V04</lei>
        <title>PacWest Bancorp</title>
        <cusip>695263103</cusip>
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          <isin value="US6952631033"/>
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        <balance>3078169.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manhattan Associates Inc</name>
        <lei>529900Q1GJP7KD52SW51</lei>
        <title>Manhattan Associates Inc</title>
        <cusip>562750109</cusip>
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          <isin value="US5627501092"/>
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        <balance>1671416.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cable One Inc</name>
        <lei>549300648QS85T0XSH18</lei>
        <title>Cable One Inc</title>
        <cusip>12685J105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Thor Industries Inc</name>
        <lei>254900XZO1228PDSG060</lei>
        <title>Thor Industries Inc</title>
        <cusip>885160101</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Polaris Inc</name>
        <lei>549300QJSN8UVWN1EI78</lei>
        <title>Polaris Inc</title>
        <cusip>731068102</cusip>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ingredion Inc</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>Ingredion Inc</title>
        <cusip>457187102</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jabil Inc</name>
        <lei>5493000CGCQY2OQU7669</lei>
        <title>Jabil Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Penumbra Inc</name>
        <lei>549300RGE06P3ECANU72</lei>
        <title>Penumbra Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Carter's Inc</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>Carter's Inc</title>
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        <name>OGE Energy Corp</name>
        <lei>CE5OG6JPOZMDSA0LAQ19</lei>
        <title>OGE Energy Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BJ's Wholesale Club Holdings Inc</name>
        <lei>549300UCIWH1C93V0J03</lei>
        <title>BJ's Wholesale Club Holdings Inc</title>
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        <name>Interactive Brokers Group Inc</name>
        <lei>5493004DT6DCDUZNDM53</lei>
        <title>Interactive Brokers Group Inc</title>
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        <name>II-VI Inc</name>
        <lei>549300O5C25A0MMHHU33</lei>
        <title>II-VI Inc</title>
        <cusip>902104108</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Pilgrim's Pride Corp</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cinemark Holdings Inc</name>
        <lei>549300LL2QMPTYIE0K55</lei>
        <title>Cinemark Holdings Inc</title>
        <cusip>17243V102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Owens Corning</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Trustmark Corp</name>
        <lei>5493000HPQ4D2RZ79739</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Darling Ingredients Inc</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PS Business Parks Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tempur Sealy International Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Churchill Downs Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TripAdvisor Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ICU Medical Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Genworth Financial Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Essential Utilities Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLETE Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Associated Banc-Corp</name>
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        <name>Ciena Corp</name>
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        <name>First Solar Inc</name>
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        <name>Sabre Corp</name>
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        <name>Lumentum Holdings Inc</name>
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        <name>Life Storage Inc</name>
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        <name>Globus Medical Inc</name>
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        <name>Hain Celestial Group Inc/The</name>
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        <name>Boyd Gaming Corp</name>
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        <name>United Bankshares Inc/WV</name>
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        <name>First American Financial Corp</name>
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        <name>Kirby Corp</name>
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        <name>World Wrestling Entertainment Inc</name>
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        <name>ONE Gas Inc</name>
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      <invstOrSec>
        <name>Commercial Metals Co</name>
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      <invstOrSec>
        <name>First Industrial Realty Trust Inc</name>
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        <name>Acadia Healthcare Co Inc</name>
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        <name>Clean Harbors Inc</name>
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        <name>Jones Lang LaSalle Inc</name>
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        <name>Repligen Corp</name>
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        <name>SolarEdge Technologies Inc</name>
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        <name>CoreSite Realty Corp</name>
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        <name>Edgewell Personal Care Co</name>
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        <name>Brunswick Corp/DE</name>
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        <name>SEI Investments Co</name>
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        <name>SLM Corp</name>
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        <name>Charles River Laboratories International Inc</name>
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        <name>Primerica Inc</name>
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        <name>Bank OZK</name>
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        <name>Janus Henderson Group PLC</name>
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        <name>MSA Safety Inc</name>
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        <name>Lancaster Colony Corp</name>
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        <name>Signature Bank/New York NY</name>
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      <invstOrSec>
        <name>Prosperity Bancshares Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wintrust Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hexcel Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Old Republic International Corp</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>RLI Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UGI Corp</name>
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      <invstOrSec>
        <name>Trimble Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Visteon Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Alliance Data Systems Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Skechers USA Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Medpace Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Crane Co</name>
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        <name>Sensient Technologies Corp</name>
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        <name>UMB Financial Corp</name>
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        <name>GrubHub Inc</name>
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        <name>Universal Display Corp</name>
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        <name>Hancock Whitney Corp</name>
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        <name>Omega Healthcare Investors Inc</name>
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        <name>PNM Resources Inc</name>
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        <name>Texas Roadhouse Inc</name>
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        <name>Urban Outfitters Inc</name>
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        <name>Wendy's Co/The</name>
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        <name>Mercury General Corp</name>
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        <name>Silicon Laboratories Inc</name>
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        <name>Essent Group Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mattel Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CDK Global Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cracker Barrel Old Country Store Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ryder System Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stifel Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toro Co/The</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amedisys Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Woodward Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Service Corp International/US</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nordstrom Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Graham Holdings Co</name>
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      <invstOrSec>
        <name>Kohl's Corp</name>
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        <name>Ollie's Bargain Outlet Holdings Inc</name>
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        <name>Pebblebrook Hotel Trust</name>
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        <name>Weingarten Realty Investors</name>
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        <name>EMCOR Group Inc</name>
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        <name>FactSet Research Systems Inc</name>
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        <name>Adient PLC</name>
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        <name>Chemours Co/The</name>
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        <name>Wingstop Inc</name>
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        <name>Hudson Pacific Properties Inc</name>
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        <name>LiveRamp Holdings Inc</name>
        <lei>254900GXS75LG1X7RF88</lei>
        <title>LiveRamp Holdings Inc</title>
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      <invstOrSec>
        <name>Silgan Holdings Inc</name>
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      <invstOrSec>
        <name>PTC Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RH</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Eagle Outfitters Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TopBuild Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Wyndham Destinations Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lithia Motors Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Delphi Technologies PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cullen/Frost Bankers Inc</name>
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      <invstOrSec>
        <name>Synovus Financial Corp</name>
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        <name>Trex Co Inc</name>
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        <name>Cousins Properties Inc</name>
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        <name>Papa John's International Inc</name>
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        <name>IAA Inc</name>
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        <name>BlackRock Funds III</name>
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        <name>Eagle Materials Inc</name>
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        <name>First Financial Bankshares Inc</name>
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        <name>EnerSys</name>
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        <name>Brown &amp; Brown Inc</name>
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        <name>Mercury Systems Inc</name>
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        <name>Ligand Pharmaceuticals Inc</name>
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        <name>CNX Resources Corp</name>
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        <name>Avient Corp</name>
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        <title>Avient Corp</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Coty Inc</name>
        <lei>549300BO9IWPF3S48F93</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Watsco Inc</name>
        <lei>549300F1Y3LN5BX5WN75</lei>
        <title>Watsco Inc</title>
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          <isin value="US9426222009"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Patterson Cos Inc</name>
        <lei>YM48Q2087CUE26GWEK09</lei>
        <title>Patterson Cos Inc</title>
        <cusip>703395103</cusip>
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          <isin value="US7033951036"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Six Flags Entertainment Corp</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>Six Flags Entertainment Corp</title>
        <cusip>83001A102</cusip>
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          <isin value="US83001A1025"/>
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        <balance>1971465.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regal Beloit Corp</name>
        <lei>QH78R09VCJGQKPBPYU33</lei>
        <title>Regal Beloit Corp</title>
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          <isin value="US7587501039"/>
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        <balance>1066268.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FTI Consulting Inc</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting Inc</title>
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          <isin value="US3029411093"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dana Inc</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>Dana Inc</title>
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          <isin value="US2358252052"/>
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        <balance>3795360.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nordson Corp</name>
        <lei>14OS6Q5N55N95WM84M53</lei>
        <title>Nordson Corp</title>
        <cusip>655663102</cusip>
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          <isin value="US6556631025"/>
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        <balance>1417865.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Terex Corp</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>Terex Corp</title>
        <cusip>880779103</cusip>
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          <isin value="US8807791038"/>
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        <balance>1830264.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35433911.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Jazz Pharmaceuticals PLC</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>Jazz Pharmaceuticals PLC</title>
        <cusip>000000000</cusip>
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          <isin value="IE00B4Q5ZN47"/>
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        <balance>1459281.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kilroy Realty Corp</name>
        <lei>549300CXXI18B214UN80</lei>
        <title>Kilroy Realty Corp</title>
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          <isin value="US49427F1084"/>
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        <balance>2757944.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Blackbaud Inc</name>
        <lei>54930056X3HKFMNG3754</lei>
        <title>Blackbaud Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Southwest Gas Holdings Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>New York Community Bancorp Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Evercore Inc</name>
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        <title>Evercore Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HNI Corp</name>
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        <title>HNI Corp</title>
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        <assetCat>EC</assetCat>
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        <name>Alleghany Corp</name>
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        <title>Alleghany Corp</title>
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        <name>Sterling Bancorp/DE</name>
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        <name>ACI Worldwide Inc</name>
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        <title>ACI Worldwide Inc</title>
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        <name>Hill-Rom Holdings Inc</name>
        <lei>JLZ01A0E2071OH26RE45</lei>
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        <name>Brixmor Property Group Inc</name>
        <lei>5299007UXW6Y0W2EGZ95</lei>
        <title>Brixmor Property Group Inc</title>
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        <name>Boston Beer Co Inc/The</name>
        <lei>529900Q02MQ0DCQNRM58</lei>
        <title>Boston Beer Co Inc/The</title>
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        <name>Cantel Medical Corp</name>
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        <title>Cantel Medical Corp</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Dick's Sporting Goods Inc</name>
        <lei>529900SSBV5I4LWSK313</lei>
        <title>Dick's Sporting Goods Inc</title>
        <cusip>253393102</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Strategic Education Inc</name>
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      <invstOrSec>
        <name>Eaton Vance Corp</name>
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      <invstOrSec>
        <name>Texas Capital Bancshares Inc</name>
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      <invstOrSec>
        <name>Teradata Corp</name>
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        <name>WEX Inc</name>
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        <name>Tetra Tech Inc</name>
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        <name>Wyndham Hotels &amp; Resorts Inc</name>
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        <name>Valmont Industries Inc</name>
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        <name>Domtar Corp</name>
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        <name>Fulton Financial Corp</name>
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        <name>CACI International Inc</name>
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        <name>Adtalem Global Education Inc</name>
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        <name>Minerals Technologies Inc</name>
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        <name>Syneos Health Inc</name>
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        <name>ITT Inc</name>
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        <name>NetScout Systems Inc</name>
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        <name>Carlisle Cos Inc</name>
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        <name>MDU Resources Group Inc</name>
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        <name>nVent Electric PLC</name>
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        <name>Integra LifeSciences Holdings Corp</name>
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        <name>Fox Factory Holding Corp</name>
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        <name>Knight-Swift Transportation Holdings Inc</name>
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        <name>Spire Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LHC Group Inc</name>
        <lei>5299009NPLWAMRQYZX73</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Graco Inc</name>
        <lei>4T5VJ4S81BRT6Q7GGT78</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axon Enterprise Inc</name>
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        <title>Axon Enterprise Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sunrun Inc</name>
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        <title>Sunrun Inc</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navient Corp</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Builders FirstSource Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Scientific Games Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NorthWestern Corp</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Highwoods Properties Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVANOS MEDICAL INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Middleby Corp/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Affiliated Managers Group Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Landstar System Inc</name>
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        <name>Timken Co/The</name>
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        <name>Goodyear Tire &amp; Rubber Co/The</name>
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        <name>Cabot Corp</name>
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        <name>Casey's General Stores Inc</name>
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        <name>MSC Industrial Direct Co Inc</name>
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        <name>Bank of Hawaii Corp</name>
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        <name>LivaNova PLC</name>
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        <invCountry>GB</invCountry>

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        <name>Williams-Sonoma Inc</name>
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        <name>Lincoln Electric Holdings Inc</name>
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        <name>SYNNEX Corp</name>
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        <title>SYNNEX Corp</title>
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        <name>Umpqua Holdings Corp</name>
        <lei>5299002ENJ7CY215BW86</lei>
        <title>Umpqua Holdings Corp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>New York Times Co/The</name>
        <lei>529900J1WEMMIW7BOH57</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KBR Inc</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fair Isaac Corp</name>
        <lei>RI6HET5SJUEY30V1PS26</lei>
        <title>Fair Isaac Corp</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Belden Inc</name>
        <lei>68BKYO1JC791TTJHUE82</lei>
        <title>Belden Inc</title>
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          <isin value="US0774541066"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STORE Capital Corp</name>
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          <isin value="US8621211007"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sonoco Products Co</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
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          <isin value="US8354951027"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sabra Health Care REIT Inc</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RenaissanceRe Holdings Ltd</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valvoline Inc</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Quidel Corp</name>
        <lei>549300X2FQ6S98OQLQ46</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Financial Group Inc/OH</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lennox International Inc</name>
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      <invstOrSec>
        <name>Grocery Outlet Holding Corp</name>
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      <invstOrSec>
        <name>Encompass Health Corp</name>
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      <invstOrSec>
        <name>Foot Locker Inc</name>
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        <name>Energizer Holdings Inc</name>
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        <name>EPR Properties</name>
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        <name>Fluor Corp</name>
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        <name>LendingTree Inc</name>
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        <name>Penn National Gaming Inc</name>
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        <name>BancorpSouth Bank</name>
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        <name>Cognex Corp</name>
        <lei>549300JQTYZCLC43S226</lei>
        <title>Cognex Corp</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Royal Gold Inc</name>
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        <title>Royal Gold Inc</title>
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      <invstOrSec>
        <name>Chemed Corp</name>
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      <invstOrSec>
        <name>Healthcare Realty Trust Inc</name>
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      <invstOrSec>
        <name>MKS Instruments Inc</name>
        <lei>549300KEQATBHAGVF505</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Federated Hermes Inc</name>
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      <invstOrSec>
        <name>Aaron's Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Urban Edge Properties</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Avis Budget Group Inc</name>
        <lei>529900E95812SYWMCE44</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMC Networks Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TreeHouse Foods Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CommVault Systems Inc</name>
        <lei>65T5VRP62VXG39YFML83</lei>
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      <invstOrSec>
        <name>WW International Inc</name>
        <lei>SGT8R1MU6ESIC7UJC518</lei>
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        <name>Macerich Co/The</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Fuel Gas Co</name>
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        <name>Cathay General Bancorp</name>
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        <name>j2 Global Inc</name>
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        <name>Molina Healthcare Inc</name>
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        <name>Taubman Centers Inc</name>
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        <name>Reliance Steel &amp; Aluminum Co</name>
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        <name>Science Applications International Corp</name>
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        <name>PRA Health Sciences Inc</name>
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        <name>Webster Financial Corp</name>
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        <name>Werner Enterprises Inc</name>
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        <name>ViaSat Inc</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>ViaSat Inc</title>
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        <name>Univar Solutions Inc</name>
        <lei>549300VSXHFQVR770L55</lei>
        <title>Univar Solutions Inc</title>
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      <invstOrSec>
        <name>Jack in the Box Inc</name>
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      <invstOrSec>
        <name>EQT Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lamar Advertising Co</name>
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      <invstOrSec>
        <name>American Campus Communities Inc</name>
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      <invstOrSec>
        <name>XPO Logistics Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Camden Property Trust</name>
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      <invstOrSec>
        <name>Washington Federal Inc</name>
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      <invstOrSec>
        <name>Choice Hotels International Inc</name>
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      <invstOrSec>
        <name>Deckers Outdoor Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AGCO Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TCF Financial Corp</name>
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        <name>Louisiana-Pacific Corp</name>
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        <name>Healthcare Services Group Inc</name>
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        <name>Equitrans Midstream Corp</name>
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        <name>CyrusOne Inc</name>
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        <name>Bio-Techne Corp</name>
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        <name>Oshkosh Corp</name>
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        <name>Corporate Office Properties Trust</name>
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        <name>MAXIMUS Inc</name>
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        <name>IDACORP Inc</name>
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        <name>Park Hotels &amp; Resorts Inc</name>
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        <name>Caesars Entertainment Inc</name>
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        <name>H&amp;R Block Inc</name>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>82503474.30000000</valUSD>
        <pctVal>0.189828899592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NuVasive Inc</name>
        <lei>549300C5ZB4NZ6TWM881</lei>
        <title>NuVasive Inc</title>
        <cusip>670704105</cusip>
        <identifiers>
          <isin value="US6707041058"/>
        </identifiers>
        <balance>1345742.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65362688.94000000</valUSD>
        <pctVal>0.150390361389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3038587.77000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cirrus Logic Inc</name>
        <lei>549300NKSJEM5ZZSSV18</lei>
        <title>Cirrus Logic Inc</title>
        <cusip>172755100</cusip>
        <identifiers>
          <isin value="US1727551004"/>
        </identifiers>
        <balance>1532731.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103382705.95000000</valUSD>
        <pctVal>0.237869077318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="10535690.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dunkin' Brands Group Inc</name>
        <lei>549300311IRV47UCTO62</lei>
        <title>Dunkin' Brands Group Inc</title>
        <cusip>265504100</cusip>
        <identifiers>
          <isin value="US2655041000"/>
        </identifiers>
        <balance>2164859.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>177323600.69000000</valUSD>
        <pctVal>0.407996684700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Hills Corp</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corp</title>
        <cusip>092113109</cusip>
        <identifiers>
          <isin value="US0921131092"/>
        </identifiers>
        <balance>1647106.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88103699.94000000</valUSD>
        <pctVal>0.202714231752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
